Last deal

$5.45M

Amount

Venture - Series Unknown

Stage

06.05.2021

Date

3

all rounds

$128.41M

Total amount

date founded

Financing round

General

About Company
Svelte Medical Systems develops innovative balloon expandable stents.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2007

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Svelte Medical Systems is a privately held company focused on improving the coronary stent market. They have developed a highly deliverable stent, which reduces the need for additional guide wires and balloons during procedures. Their stent has non-inflammatory properties and aims to minimize inflammation in the vessel, potentially reducing the need for long-term dual anti-platelet therapy. Svelte's mission is to improve stent deliverability, reduce cost, and enhance the safety of the device compared to current market products.
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People

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3
David R. Fischell
David R. Fischell

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David Fischell is a serial entrepreneur who has founded nine biomedical device companies in the last fifteen years, including Angel Medical Systems. He is also a Director of eight biomedical technology companies (including five of those he founded) and was the primary designer of the BX Velocity™ and Cypher™ coronary stents for Cordis, a Johnson & Johnson Company. David is chairman of the Cornell University Biomedical Engineering Advisory Board, and a Fellow of the American Institute for Medical and Biological Engineering. Other companies founded by David include Neuralieve, Inc (2002) a developer of transcranial magnetic stimulation systems for migraine headaches; and NeuroPace, Inc. (1997) a developer of implantable brain pacemakers to treat epilepsy. After earning his Ph.D. in Applied Physics from Cornell University, David joined Bell Laboratories in 1979 where, for 11 years, he performed and directed a wide range of research and development projects. He left Bell Labs in 1991 to work full time on medical devices. He currently holds 85 issued U.S. patents, and has published numerous papers in the fields of telecommunications, cardiology, radiobiology, and radiation dosimetry.

current job

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David R. Fischell

Robert Fischell
Robert Fischell

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Dr. Fischell received his BSME degree from Duke University and MS and Sc.D. degrees from the University of Maryland. Dr. Fischell was employed at the Johns Hopkins University where he was the Chief Engineer of the Space Department and worked on more than 50 spacecraft. His interests at Johns Hopkins then turned to the invention of new medical devices such as pacemakers and implantable heart defibrillators. Starting in 1969, Dr. Fischell began the formation of 14 private companies that licensed his patents on medical devices. These companies include Pacesetter Systems, Inc. (now called St. Jude Medical), IsoStent, Inc., NeuroPace, Inc., Neuralieve, Inc., Angel Medical Systems, Inc, and Svelte Medical Systems, Inc. Dr. Fischell is a prolific inventor with over 200 issued U.S. and foreign patents, many of which have been the basis for new medical device companies. Dr. Fischell's honors include Inventor of the Year for the USA in 1984, election to the National Academy of Engineering in 1989, the Distinguished Physics Alumnus Award of the University of Maryland, and several medals for distinguished accomplishments in science, engineering and innovation. In 2004 Discover magazine gave Dr. Fischell their annual award of Technology for Humanity.

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Robert Fischell

Tim Fischell
Tim Fischell

Tim Fischell

Tim Fischell is the Co-Founder, Chief Executive Officer & Board Member at CrossLiner

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Tim Fischell

Employee Profiles
9
Diana Williamson

Diana Williamson

Vice President, Research & Development

Keith Roberts

Keith Roberts

VP, Operations

Jack Darby

Jack Darby

President & CEO

Richard Spencer

Richard Spencer

Vice President of Sales and Marketing

Mark Kielek

Mark Kielek

Vice President, Quality Assurance

Jean De Schepper

Jean De Schepper

European Business Director

Robert Fischell

Robert Fischell

Chairman Of The Board and Chief Technical Officer

David R. Fischell

David R. Fischell

Director

Activity

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